Sunday, October 26, 2008

The extent of the crisis

This does not seem like a reliable information but if true, it is unbelievable:

Europe was especially hard hit as previously placed truck orders were canceled. After Volvo cleaned out those orders from its books, the net order intake in the third quarter was a mere 115 trucks, compared to nearly 42,000 trucks in the same period last year.

If that keeps going on, we will live through some interesting times.

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